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| Price $9,173,000 | Built/Renov 2020 | Tenant Carvana |
| Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,706
| Lease Start
01-01-2021
| #Units
40
|
| Price/SF $1,607.61 | Expiration
12-31-2041
| Tenant Type Automotive |
| NOI $619,207 | R. Term 16.4 | Ownership Fee Simple |
| Rent/SF
$108.52
| Increases 8.0%/6/yrs | Pop 5Mi 166,447 |
| Lot/AC 1.30 | Options 4/5yrs/8% | AHHI 5Mi $143,054 |
| | |
Carvana is strategically located on Adell Center Drive in Novi, MI, boasting direct frontage to Interstate 96 (152,000 VPD) and convenient access to Novi Road (36,400 VPD), West 12 Mile Road (34,400 VPD), and Grand River Avenue (25,400 VPD). The facility sits adjacent to Twelve Oaks Mall, a super-regional shopping center ranking in the 93rd percentile nationally for consumer draw. Major...
...New construction
Hard corner intersection
Near major nationals
Freeway visibility
Top 100 MSA
Business growth area
Brand new lease
Long 15+ yr lease
Traded and rated company
Publicly traded company
Carvana (NYSE: CVNA) is the leading ecommerce platform for buying and selling used cars. As the fastest growing used automotive retailer in U.S. history, Carvana.com allows someone to purchase...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
